Showing posts with label Acquisition. Show all posts
Showing posts with label Acquisition. Show all posts

Thursday, 4 March 2010

The rise of GELV


Green Energy Life is a renewable energy technology company, focusing on developing and commercializing energy conversion technology in the field of fossil fuel alternatives. It intends to convert corn and biomass wastes into ethanol and other co-products using proprietary patented gasification and conversion technology.

Their is lots of rationale to why the future looks bright for this renewable energy technology company, listed below are a few of these reasons:

Potential Opportunities for Large Grants:

With the market looking for green solutions, it seems clear that the companies of the future that will do well, are those that are geared to protecting the environment.

Only recently, later last month was a biomass gasifier company awarded $22.6 million grant from the U.S. Department of Energy.

Superb invest opportunities:

The company is expected to offer excellent opportunities for investors in 2010 due to new government regulations and consumer demands

According to new industry reports, the Biomass-to-Energy market is expected to achieve significant growth this year. Since being included in the Energy Independence and Security Act of 2007, it has been one of the strongest potential future energy sources. By 2022, 36 billion gallons of fuel must be made of "renewable" fuels. With the increase in fuel consumption, biomass fuel usage is expected to grow 30% into 2012, with the United States leading the way with 19% of the usage of biofuel. Biomass fuel is currently the 4th largest source of energy used in the world today.

Recent acquisitions

Its most recent acquisition with Peck Electric

Peck’s electrical services business is thriving with strong and consistent revenue, longstanding relationships with key customers, and opportunities to expand with clean energy products and services.

To see more on this stock visit: www.stocksource.us/focusstock/gelv

Monday, 1 March 2010

Green Energy Live Reports on Strong Revenue and Customer Base of Acquisition Target’s Contracting Business

GRAND RAPIDS, MI – March 1, 2010 – Green Energy Live Inc. (OTCBB: GELV), a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, has executed a letter of intent to acquire 100% of the stock of Peck Electric Inc, Vermont’s leading provider of electrical contracting services. Green Energy Live is pleased to announce that Peck’s electrical services business is thriving with strong and consistent revenue, longstanding relationships with key customers, and opportunities to expand with clean energy products and services.

Peck Electric’s established electrical contracting services division currently employs 60 people with training and experience in all aspects of electrical wiring for commercial, industrial and residential projects as well as control wiring and logic controllers, high voltage power distribution, lighting and 24 hour emergency service. The company is licensed, insured and has been servicing customers since 1972. Peck generated $6 million in gross revenue in 2009 with the majority of sales attributed to its electrical division.

IBM, UPS, Energizer Battery Company, PBM Nutritionals, Ben & Jerry’s, Husky Injection Molding, Fletcher Allen Health Care, University of Vermont and Champlain College are among Peck’s customers. The company has worked with most major general contractors throughout Vermont. In addition to electrical contracting Peck installs telecommunications systems, provides solar power installations, and designs and develops clean energy products.

Karen Clark, President/CEO of Green Energy Live, commented: “Peck Electric is a solid, well-run company with multiple and consistent revenue streams as well as potential for significant expansion in clean energy offerings. In spite of extremely tough economic conditions Peck maintained its revenue levels last year, generating $6 million in gross revenue in 2009 as it did in 2008. Green Energy Live is extremely pleased to be moving forward with the acquisition of this growing enterprise.”

On February 23, 2010 Green Energy Live updated its Letter of Intent to acquire 100% of the stock in Peck Electric. Upon acquisition Peck will become a wholly owned subsidiary. Green Energy Live is conducting its due diligence and intends to commence the required financial audits in March 2010. Upon completion of these pre-acquisition investigations, Green Energy Live and Peck Electric will determine a closing date for this transaction.

About Green Energy Live (GELV.OB)
Green Energy Live Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation’s $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy. Green Energy Live acquired Comanche Livestock Exchange in July 2009. The wholly owned subsidiary enhances Green Energy Live’s ability to bring its clean energy technology to market by providing ongoing revenue to support technology development, livestock industry experience, contacts with potential customers, and an established sales channel.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV’s gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: (1) GELV’s need for additional financing, which is not assured and which may result in dilution of shareholders; (2) GELV’s status as a small company with a limited operating history; and (3) regulatory restrictions in the production of bio-fuels. For a more detailed discussion of such risks and other factors, see the Company's 2008 Annual Report on Form 10-K, filed on March 31, 2009, with the Securities and Exchange Commission, and its other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, to update or provide advice in the event of any change, addition or alteration to the information contained in this news release including such forward-looking statement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Contact:
Investor Relations:
1-866-460-7336
investorrelations@greenenergylive.com
Green Energy Live, Inc.
1740 44th Street, Suite 5-230
Wyoming, MI 49519-6443
www.greenenergylive.com
http://www.stocksource.us

Friday, 26 February 2010

Benefits Of Mergers And Acquisitions


Benefits of Mergers and Acquisitions are manifold. Mergers and Acquisitions can generate cost efficiency through economies of scale, can enhance the revenue through gain in market share and can even generate tax gains.

Benefits of Mergers and Acquisitions are the main reasons for which the companies enter into these deals. The main benefits of Mergers and Acquisitions are the following:

Greater Value Generation
Companies go for Mergers and Acquisition from the idea that, the joint company will be able to generate more value than the separate firms. When a company buys out another, it expects that the newly generated shareholder value will be higher than the value of the sum of the shares of the two separate companies.

Mergers and Acquisitions can prove to be really beneficial to the companies when they are weathering through the tough times. If the company which is suffering from various problems in the market and is not able to overcome the difficulties, it can go for an acquisition deal.

If a company, which has a strong market presence, buys out the weak firm, then a more competitive and cost efficient company can be generated.

Here, the target company benefits as it gets out of the difficult situation and after being acquired by the large firm, the joint company accumulates larger market share. This is because of these benefits that the small and less powerful firms agree to be acquired by the large firms.

Gaining Cost Efficiency
When two companies come together by merger or acquisition, the joint company benefits in terms of cost efficiency. A merger or acquisition is able to create economies of scale which in turn generates cost efficiency. As the two firms form a new and bigger company, the production is done on a much larger scale and when the output production increases, there are strong chances that the cost of production per unit of output gets reduced.

Mergers and Acquisitions are also beneficial
  • when a firm wants to enter a new market
  • when a firm wants to introduce new products through research and development
  • when a forms wants achieve administrative benefits
Mergers and Acquisitions may generate tax gains, can increase revenue and can reduce the cost of capital.

Thursday, 25 February 2010

LiquidStockReport.com. News on GELV Acquisition with $6 Million Revenue, Peck Electric

Financial News

LiquidStockReport.com. News on GELV Acquisition with $6 Million Revenue, Peck Electric

Del Mar 2/25/2010 02:47 PM GMT (TransWorldNews)

Del Mar, CA – Green Energy Live, Inc. (OTCBB: GELV), a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, has announce yesterday, its progression with the acquisition of Peck Electric Inc.

Established in 1972, Peck Electric is Vermont's leading provider of electrical contracting services. The company's is an established provider of electrical contracting services which generated $6 million in gross revenue last year. Their long roster of customers includes IBM, UPS, Energizer Battery Company and Ben & Jerry's, among others. Peck provides commercial and residential electrical contracting, installs telecommunications systems, provides solar power installations, and designs and develops clean energy products. Upon acquisition Peck will become a wholly owned subsidiary of Green Energy Live. Green Energy Live, Inc. is conducting its due diligence phase of this acquisition and will commence the required financial audits in March 2010. Upon completion of these pre-acquisition investigations, Green Energy Live, Inc. and Peck Electric will determine a closing date for this transaction.

Jeff Peck, President of Peck Electric, commented: "We have been in business for 38 years and pride ourselves on our quality of service, longstanding customer relationships, and ability to innovate to meet market demand. Peck generated $6 million in gross revenue in calendar year 2009. We believe our established electrical contracting services business will be significantly augmented by our new clean energy initiatives as well as exposure to the public markets. We are eager to combine forces with Green Energy Live."

Karen Clark, President/CEO of Green Energy Live, commented: "Green Energy Live chose Peck Electric for its excellent management team, extensive systems design and development expertise, ongoing revenue and exciting new clean energy product development. Upon closing of the acquisition we look forward to helping Peck achieve continued growth and expanded market penetration. Peck Electric brings several critical components to Green Energy Live that will allow us to offer clean energy solutions in the marketplace."



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Wednesday, 6 January 2010

Green Energy Live Achieves Milestones Including Increased Sales, Ongoing Revenue, Key Acquisition and New Technology Focus

GRAND RAPIDS, MI -- (Marketwire) -- 01/06/10 -- Green Energy Live Inc. (OTCBB: GELV), a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, achieved significant milestones in 2009. Green Energy Live closed its first acquisition of a revenue-producing company, and, using its proprietary gasification technology, anticipates developing on-site manure-to-electricity conversion systems for sale to the nation's 1.2 million ranchers and farmers. The company intends to build on that growth to pursue additional acquisitions, increase revenues and move forward with technology development this year.

In the third quarter of 2009 Green Energy Live closed the acquisition of Comanche Livestock Exchange. Comanche is a profitable provider of live animal auction and hauling services and has been in business for 60 years. The acquisition of Comanche was a strategic accomplishment for Green Energy Live. Comanche provides Green Energy with a source of revenue to support technology development as well as an established market presence in the livestock industry. Green Energy Live intends to leverage Comanche's proven sales channel and extensive network of dairy and livestock industry contacts for its planned manure-to-energy conversion solutions.

Green Energy Live recently disclosed strong third quarter financial performance for Comanche, which is a wholly owned subsidiary. Comanche generated an 18% increase in revenue and a 6% increase in net income for the three months ended September 30, 2009 over the same period in 2008.

Green Energy Live intends to utilize proprietary gasification technology to develop self-contained, small footprint, renewable energy gasification systems that will enable livestock operators to convert animal waste into clean energy. The company is focused on developing innovative biowaste conversion technologies that will process methane gas from the manure of animals and convert it into electricity to supply the farm's power requirements and generate revenue selling surplus power back to local utilities. By recycling their manure operators will be able to reduce hauling and disposal costs, handle surplus waste and reduce its impact on the environment.

The company has focused on the livestock industry which has a critical need to dispose of the waste generated by its operations. Green Energy Live phased out previous plans to expand into the ethanol industry in favor of endeavoring to develop manure to energy conversion systems which the company believes has the greatest potential for widespread adoption and commercial success.

Karen Clark, President/CEO of Green Energy Live, commented: "Having closed out a very successful year, Green Energy Live is excited to build on the progress achieved. Additional strategic acquisitions, expansion of Comanche's revenues and market share, and technology development are our primary objectives for 2010."

Green Energy Live's Form 10-Q filed on November 24, 2009, which includes its consolidated financial statements and incorporates Comanche's financial results, can be viewed on the SEC's EDGAR website at http://www.sec.gov/edgar/searchedgar/companysearch.html. As disclosed in the Form 10-Q, for the three month period ended September 30, 2009, the company reported an overall net loss of $250,873, an increase of $99,397 or 39% over the same period in 2008. Green Energy Live did not report any revenues in 2008. Green Energy Live's management believes that its acquisition of Comanche and the inclusion of Comanche's revenues in its operating results will cause its net losses to decrease, and that eventually it will achieve profitability; however, there is no assurance that this will occur.